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📍 Chemung, NY · Zillow ZHVI · July 2026

Average Home Price in
Chemung, NY

Elmira, NY metro area · Chemung County County

Median Home Value
$169,597
↑ 7.5% year-over-year
vs. National Median
$410,000
Chemung is 59% below
Est. Monthly Payment
$885/mo
20% down · 6.8% rate
Income Needed
$45K
gross annual (30% rule)
Median Home Value
$169,597
↑ 7.5% year-over-year
Down Payment (20%)$33,919
Monthly P&I$885/mo
With Taxes & Ins.~$1,124/mo
Income Needed$44,960/yr
Data SourceZillow ZHVI
Market Overview

Home Prices in Chemung, NY

The median home value in Chemung, NY is $169,597 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.5% compared to a year ago and up 3.1% from two years prior.

Compared to the U.S. national median of $410,000, homes in Chemung are priced59% below average. Chemung is part of the Elmira, NY metro area.

City Comparison

Chemung vs. National Median

🏠 Chemung
$169,597
National Median
$410,000

At $169,597, homes in Chemung cost 59% below the national median of $410,000. This makes Chemung a relatively affordable market for buyers seeking value.

Affordability

What Does It Cost to Buy in Chemung?

20% Down Payment
$33,919
on $169,597
Monthly P&I
$885/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,124/mo
incl. taxes & insurance
Income Needed
$44,960
gross annual (30% rule)
10% Down Option
$16,960
+ PMI applies
Loan Amount (20% dn)
$135,678
at current rates

Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.

FAQ

Frequently Asked Questions

What is the average home price in Chemung, NY?
The median home value in Chemung is $169,597 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.5% year-over-year.
How much have home prices changed in Chemung?
Over the past year, home values in Chemung have increased by 7.5%.
How much do I need to earn to buy a home in Chemung?
To comfortably afford the median home price of $169,597 with a 20% down payment ($33,919) at today's rates (6.8%), you'd need a gross annual income of approximately $44,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Chemung compare to the national average home price?
The national median home value is approximately $410,000. At $169,597, homes in Chemung are 59% below the national average.
What metro area is Chemung part of?
Chemung is part of the Elmira, NY metropolitan area. Home prices and market conditions can vary across the broader metro region.